Charles Schwab Investment Management Inc. Buys 84,749 Shares of BARK, Inc. (NYSE:BARK)

Charles Schwab Investment Management Inc. lifted its holdings in BARK, Inc. (NYSE:BARK) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,004,911 shares of the company’s stock after acquiring an additional 84,749 shares during the period. Charles Schwab Investment Management Inc. owned 0.58% of BARK worth $1,638,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in BARK in the third quarter worth $30,000. AQR Capital Management LLC purchased a new position in shares of BARK in the 2nd quarter worth approximately $34,000. Gladius Capital Management LP acquired a new stake in shares of BARK in the 3rd quarter worth $35,000. Price T Rowe Associates Inc. MD raised its position in shares of BARK by 27.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,225 shares of the company’s stock valued at $49,000 after purchasing an additional 8,436 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of BARK in the 2nd quarter valued at $63,000. Institutional investors own 28.76% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on shares of BARK from $2.00 to $2.50 and gave the company a “hold” rating in a research report on Monday, December 2nd.

BARK Trading Down 2.0 %

Shares of NYSE:BARK opened at $2.16 on Tuesday. The firm has a market capitalization of $374.86 million, a price-to-earnings ratio of -11.97 and a beta of 1.92. The business’s 50 day moving average price is $1.74 and its 200-day moving average price is $1.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.42 and a quick ratio of 1.49. BARK, Inc. has a 1 year low of $0.71 and a 1 year high of $2.56.

Insider Activity at BARK

In related news, Chairman Matt Meeker bought 34,000 shares of the stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of $1.52 per share, for a total transaction of $51,680.00. Following the acquisition, the chairman now directly owns 10,734,460 shares in the company, valued at approximately $16,316,379.20. This trade represents a 0.32 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.80% of the stock is currently owned by corporate insiders.

BARK Company Profile

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.